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Local Government Pension Scheme (LAPS) AVC Transfer information and forms Transfers of in house AVC only to pension schemes outside the LGPSFrom 6 April 2015 under Freedom and Choice LAPS members
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Step 1: Start by collecting all the necessary information such as the sender's name, account number, and contact details.
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Step 2: Next, provide the recipient's name, account number, and contact details.
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Step 3: Specify the transfer amount and currency.
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Step 4: Indicate the purpose of the transfer, whether it's for personal or business reasons.
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Step 5: Choose the transfer method, whether it's through online banking, in-person at a branch, or via a mobile app.
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Step 6: Review all the entered information to ensure accuracy.
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Step 7: Finally, submit the AVC transfer form and wait for confirmation of the successful transfer.

Who needs avc transfer information and?

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Anyone who wishes to transfer funds from their AVC (Additional Voluntary Contribution) account to another recipient.
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Individuals who have surplus funds in their AVC account and want to allocate them elsewhere.
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Employees who have retired and want to transfer their AVC balance to their new bank account.
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AVC transfer information refers to the details related to Additional Voluntary Contributions (AVCs) being transferred from one pension scheme to another.
The pension scheme administrator or the individual making the AVC transfer is required to file the AVC transfer information.
The AVC transfer information can be filled out using the prescribed form provided by the pension scheme administrator, including details such as the amount transferred, date of transfer, and the receiving scheme information.
The purpose of AVC transfer information is to document and track the transfer of additional voluntary contributions between pension schemes for record-keeping and regulatory compliance.
The AVC transfer information must include details such as the amount of AVCs transferred, the date of transfer, the sending scheme information, and the receiving scheme information.
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